25 Franklin St, Belleville, NJ, 07109

About This Home

Off Market Mixed Use Income Property Rare opportunity to own a versatile mixed use building in the Silver Lake section of Belleville. This property combines two residential apartments with two long term commercial tenants - a commercial bakery and an auto repair shop - creating a stable, diversified income stream. Perfect for investors seeking reliable returns or owner occupants looking to live and earn in one location. 2 residential apartments: 2nd Floor - 2 beds, 1 bath & 3rd Floor – 3 beds, 1 bath 1 bakery 1 auto repair shop Annual gross rent (2025): $69,480 Annual expenses (utilities, taxes, maintenance): $36,209 Net operating income (NOI): $33,271 Cap Rate: 3.2% Stable tenancy: - Both commercial tenants are long-standing and have and excellent payment history - Residential units have been consistently occupied for several years by the same tenants - All 4 are month-to-month Utilities: - Each commercial unit has separate utilities, except water - Each apartment has own electric Residential Units: While currently functional with good layouts, the units offer update potential, ideal for buyers who want to modernize and increase rental value. Priced to allow for buyer updates. Commercial Spaces: Bakery: Rented by a wholesale bakery. Storefront not currently opened Auto repair shop: Established business; tenant has occupied for 40+ years Ideally, all tenants would remain in-place with next owner. Investment Appeal: Diversified income: Residential + commercial mix reduces vacancy risk Prime location: Easy access to transit to NYC, major highways and Belleville’s business corridor Value add potential: Apartment renovations could raise rents Contact For monthly rent breakdown, expense sheets, or to schedule a showing, call Joe @ 973.727.4282. Calls only. No texts. If no response via phone in 24 hours, please email joeluongo1948@gmail.com